Minda Industries could be a Good Bet for your Portfolio

Dynamic Equities | June 2, 2017, midnight


Established in the year 1958, by late Shri S L Minda, Minda Industries Ltd is the flagship company of UNO Minda group. It is one of the leading suppliers of proprietary automotive solutions to OEMs.

 

Headquartered at Manesar, Gurgaon of India the company has 32 plants across India and R&D centres spread across the globe in six locations.


Financials- Standalone

 

Revenue from operations on a standalone basis increased to Rs 1,46,874 lakhs from Rs 1,37,585 lakhs in previous year, at a growth rate of 6.75 per cent. The profit before exceptional Items and tax was Rs 9,885 lakhs, as against Rs 6,582 lakhs in previous year. Net profit was Rs 7,938 lakhs, as against Rs 5,320 lakhs in the previous year.


Financials- Consolidated

 

Revenue from operations on a consolidated basis increased to Rs 2,52,733 lakhs from Rs 2,23,208 lakhs in previous year, at a growth rate of 13 per cent. The profit before exceptional Items and tax was Rs 13,351 lakhs, as against Rs 6,283 lakhs in previous year. Net profit was Rs 11,113 lakhs, as against Rs 6,797 lakhs in the previous year.


Awards and Recognition

 

During 2015-16, the company was conferred awards and recognition. The major ones among them are listed as follows:-

  • MIL’s switch division received excellence in Quality award from Yamaha motors India Pvt Ltd.

  • MIL’s switch division recognized for customized Business support and excellent contribution during HMSI participation in Auto Expo 2016.

  • MIL’s Acoustic division, recognized for Best Quality and TPM practices from Bajaj auto limited.

  • Clarton horn recognized as one of the fifteen companies that obtained an incentive for its good practices in safety policy.

 

Minda Industries from Dynamic Levels’ Perspective

 

Dynamic Levels perceives Minda Industries as one of the multibagger stocks for this month. This means that Minda Industries is a well analysed multibagger stock, based on our technical and fundamental research, traded in very high volumes. It has been observed before that these companies multiply their earnings per share every year and have a great potential to grow in the long run.


As of 21st December 2016, Minda Industries has a market cap of Rs 2482.13 (Cr) and the book value is 59.02. The Debt Equity Ratio of the company is as low as 0.76. There is no Promoter holding pledged. All these indicate that the company has very good fundamentals.


Investors’ Haven

 

On 21st December 2016, Minda Industries share price closed at Rs 317.35 on NSE. Research team of Dynamic Levels suggest a buy once the stock is available at Rs 300 which is its previous week low with a target of Rs 340 which is its 5 week high.


blog comments powered by Disqus